The Bangko Sentral ng Pilipinas (BSP) on Friday reported a shift in foreign investment flows for October 2024, with net outflows amounting to USD529.68 million.
Lending activity among banks remained robust in October, with universal and commercial banks (U/KBs) reporting a 10.6 percent year-on-year expansion in outstanding loans, slightly easing from the 11 growth in September, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.
The national government (NG) reported a strong fiscal performance in October, recording a P6.3 billion surplus, a significant turnaround from the P34.4 billion deficit in the same month last year.
Manila Electric Co.'s (Meralco) power generation arm, Meralco Power Gen Corp. (MGen), is actively pursuing the development of new coal-fired power plants, despite a government-imposed moratorium on new coal projects.
The Department of Energy (DOE) will open at least 18 coal blocks across the country to private investors as part of a competitive bidding round set to begin on February 27, 2026.
The Department of Agriculture (DA) has ordered a new and broader investigation into alleged irregularities in the procurement and distribution of subsidized farm inputs and machinery, following complaints from farmers’ groups.
The Securities and Exchange Commission (SEC) has released draft rules that would tighten mandatory corporate governance training for company directors and key officers, aiming to improve oversight and accountability in Philippine businesses.
DigiPlus Interactive Corp. has appointed Hu Jianguo to its board of directors following the resignation of Tang Yong, whose departure took effect Tuesday. Yong will remain with the company as board adviser, ensuring leadership continuity.